Stablecoins
Latest news, analysis, and updates on Stablecoins from A47 News.
21 stories in Crypto · Updated live
Suspected Binance Security Breach Triggers Tether and Circle Freeze of Over $1.5 Billion in Stablecoins
On October 29, 2026, Binance suspended all deposits and withdrawals after large unauthorized transfers exited its hot wallets, and Tether and Circle froze more than $1.5 billion in USDT and USDC linked to the affected addresses. The incident was triggered by on-chain detection of roughly 40 minutes of rapid outflows across Ethereum and other chains, prompting Binance to coordinate with law enforcement and stablecoin issuers to trace and freeze assets. The event is likely to intensify scrutiny of centralized exchange security and custody standards, and may accelerate calls for enhanced safeguards and clearer loss-coverage frameworks across the industry.
Coinbase Integrates Ripple RLUSD Stablecoin Across Retail Exchange and Prime Platforms
On October 28, 2026, Coinbase integrated Ripple's RLUSD stablecoin across its retail app, exchange, and Prime institutional platform, enabling 1:1 conversions from U.S. dollars and supported USD stablecoins with deposits and withdrawals on the XRP Ledger, Base, and Ethereum. The move follows Ripple's receipt of final U.S. Office of the Comptroller of the Currency approval for a national trust bank and a similar Robinhood distribution partnership earlier in the week, as RLUSD's market capitalization exceeded $2.4 billion to $2.6 billion. The integration signals a broader push to scale compliant, enterprise-grade stablecoin distribution across major U.S. trading venues, likely extending RLUSD into institutional collateral and settlement use cases as regulatory frameworks mature.
OCC Finalizes Rule for Payment Stablecoin Issuers Under GENIUS Act
The Office of the Comptroller of the Currency has finalized its rule for the issuance and management of payment stablecoins, effective January 18, 2027. This regulatory shift follows extensive public feedback on a previous proposal and aims to enhance financial stability and competitive equity in the digital asset sector. Long-term, this rule is expected to streamline compliance for stablecoin issuers and integrate stablecoin activities under federal oversight.
Aviva Investors Tokenizes Sterling Liquidity Fund Share Class on XRP Ledger With £50 Million Seed
Aviva Investors launched a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger on October 26, 2026, seeded with £50 million of its own capital in partnership with Ripple. The launch follows a July 2026 USD Liquidity Fund tokenization and uses a digital twin model with non-transferable Multi-Purpose Tokens, letting eligible institutional investors hold on-chain representations while the fund's off-chain structure, custody and regulatory protections remain unchanged. The move signals continued expansion of regulated money market fund tokenization in Europe, reinforced by BNY's subsequent custody support for XRP and RLUSD, and points toward further extension of existing UCITS funds onto public blockchain rails.
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Suspected Binance Hot Wallet Compromise Moves Up to $5.8 Billion in Crypto Assets Across Multiple Blockchains
On October 29, 2026, assets estimated at up to $5.8 billion were moved from Binance-linked hot wallets across Ethereum, Bitcoin, and Tron, prompting withdrawal suspensions and over $2 billion in stablecoin freezes by Tether and Circle. The movements were triggered by a suspected EIP-7702 delegation transaction enabling sweeps via pre-signed authorizations, with investigators examining possible prior compromise of wallet signing infrastructure. The incident is likely to intensify scrutiny of exchange custody security, accelerate stablecoin freeze coordination, and heighten regulatory pressure on hot wallet controls across the industry.
Suspected Binance Security Breach Triggers Tether and Circle Freeze of Over $1.5 Billion in Stablecoins
On October 29, 2026, Binance suspended all deposits and withdrawals after large unauthorized transfers exited its hot wallets, and Tether and Circle froze more than $1.5 billion in USDT and USDC linked to the affected addresses. The incident was triggered by on-chain detection of roughly 40 minutes of rapid outflows across Ethereum and other chains, prompting Binance to coordinate with law enforcement and stablecoin issuers to trace and freeze assets. The event is likely to intensify scrutiny of centralized exchange security and custody standards, and may accelerate calls for enhanced safeguards and clearer loss-coverage frameworks across the industry.
Aviva Investors Tokenizes Sterling Liquidity Fund Share Class on XRP Ledger With £50 Million Seed
Aviva Investors launched a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger on October 26, 2026, seeded with £50 million of its own capital in partnership with Ripple. The launch follows a July 2026 USD Liquidity Fund tokenization and uses a digital twin model with non-transferable Multi-Purpose Tokens, letting eligible institutional investors hold on-chain representations while the fund's off-chain structure, custody and regulatory protections remain unchanged. The move signals continued expansion of regulated money market fund tokenization in Europe, reinforced by BNY's subsequent custody support for XRP and RLUSD, and points toward further extension of existing UCITS funds onto public blockchain rails.
Coinbase Integrates Ripple RLUSD Stablecoin Across Retail Exchange and Prime Platforms
On October 28, 2026, Coinbase integrated Ripple's RLUSD stablecoin across its retail app, exchange, and Prime institutional platform, enabling 1:1 conversions from U.S. dollars and supported USD stablecoins with deposits and withdrawals on the XRP Ledger, Base, and Ethereum. The move follows Ripple's receipt of final U.S. Office of the Comptroller of the Currency approval for a national trust bank and a similar Robinhood distribution partnership earlier in the week, as RLUSD's market capitalization exceeded $2.4 billion to $2.6 billion. The integration signals a broader push to scale compliant, enterprise-grade stablecoin distribution across major U.S. trading venues, likely extending RLUSD into institutional collateral and settlement use cases as regulatory frameworks mature.